SMI20 is testing gap resistance area but has so far failed to close it. A close above 10,675 is needed, a spike above will not suffice.
A close of the gap i.e., a close above 10,675 is needed for SMI to turn bullish. If that scenario plays out SMI will have potential to 10,900-11K
However, currently it seems like SMI20 is set to be rejected at the gap area thus likely to resume downtrend towards 10K
A break below 10,5198 could fuel a sell-off lower to October lowsSWISS20 cfd resistance at around 10,619 but the gap – 10,675- on SMI20 cash Index is the key. A break below 10,516 down trend will resume